France PMI Services was finalized at 56.6 in May, up from April’s 50.3. PMI Composite was finalized at 57.0, up from April’s 51.6.
Shreeya Patel, Economist at IHS Markit said: “Latest PMI data indicated a strong improvement in business activity across the French service sector after virus-related restrictions eased in May… Stronger demand, particularly from the domestic market, underpinned the uplift…
“That said, output was somewhat hindered by capacity constraints after a softer increase in headcounts contributed to a marked rise in backlogs. Nevertheless, the upturn across France’s private sector, and a rising vaccination rate will place the country in good stead for strong growth as we head into the summer.”
